Business
UK’s Turing AI Institute bosses respond to staff anger
The heads of the UK’s national institute for artificial intelligence (AI) have told staff they accept recent months have been “challenging” for staff as the charity undergoes “substantial” change.
It comes after staff raised “serious and escalating concerns” in a whistleblowing complaint this week submitted to the Charity Commission.
They warned that the body – which receives £100m from the government – is at risk of collapse after Technology Secretary Peter Kyle instructed it to prioritise defence, and threatened to pull its funding if it did not.
In a letter seen by the BBC, Chair Dr Doug Gurr said the Turing institute would “step up at a time of national need”.
He said it had already established a new senior working group comprising government officials and Turing institute staff.
However he said defence should not be the “sole focus” and some work on healthcare and environmental issues would continue in line with the aims of both the government and private investors.
Whistleblowers have described the management’s response as “performative”.
“Just talk, no action, nothing has changed,” they said, speaking to the BBC on condition of anonymity because they fear losing their jobs for speaking out.
Dr Gurr and Chief Executive Dr Jean Innes did not respond directly to accusations by the whistleblowers about a toxic internal culture of “retaliation” and “defensiveness”.
The pair said they had not seen the letter sent from whistleblowers to the Charity Commission, which has been shared with the BBC.
“We are committed to conducting our business with honesty, integrity and transparency and believe that a culture of openness and accountability is essential,” they wrote, and linked to the Turing institute’s whistleblowing guidelines.
Founded in 2015 as the UK’s leading centre of AI research, the Turing institute, which is headquartered at the British Library in London, has been rocked by internal discontent and criticism of its research activities.
The shift to focusing on defence represents a significant pivot for the publicly funded organisation.
Both the whistleblowers and the technology secretary have said they want new leaders at the Institute – but there was no mention of any change in the management team in the letter.
A number of senior staff have left the organisation in recent months, and bosses said more people would either be made redundant or not have their contracts renewed as the restructure continues.
Business
Asia stocks fall for third day, oil edges up as markets track Iran war
The conflict in the Middle East has rattled financial markets and global energy prices have soared.
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Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On March 4
Last Updated:
Petrol, Diesel Price On March 4: Check City-Wise Rates Across India Including In Delhi, Mumbai and Chennai.

Petrol, Diesel Prices On March 4.
Petrol and Diesel Prices on March 4, 2026: OMCs update petrol and diesel prices daily at 6 AM, aligning them with fluctuations in global crude oil prices and currency exchange rates. This daily revision promotes transparency and ensures consumers have access to the most up-to-date and accurate fuel prices.
Petrol Diesel Price Today In India
Check city-wise petrol and diesel prices on March 4:
| City | Petrol (₹/L) | Diesel (₹/L) |
|---|---|---|
| New Delhi | 94.72 | 87.62 |
| Mumbai | 104.21 | 92.15 |
| Kolkata | 103.94 | 90.76 |
| Chennai | 100.75 | 92.34 |
| Ahmedabad | 94.49 | 90.17 |
| Bengaluru | 102.92 | 89.02 |
| Hyderabad | 107.46 | 95.70 |
| Jaipur | 104.72 | 90.21 |
| Lucknow | 94.69 | 87.80 |
| Pune | 104.04 | 90.57 |
| Chandigarh | 94.30 | 82.45 |
| Indore | 106.48 | 91.88 |
| Patna | 105.58 | 93.80 |
| Surat | 95.00 | 89.00 |
| Nashik | 95.50 | 89.50 |
Key Factors Behind Petrol and Diesel Rates
Petrol and diesel prices in India have remained unchanged since May 2022, following tax reductions by the central and several state governments.
Oil Marketing Companies (OMCs) update fuel prices daily at 6 am, adjusting for fluctuations in global crude oil markets. While these rates are technically market-linked, they are also influenced by regulatory measures such as excise duties, base pricing frameworks, and informal price caps.
Key Factors Influencing Fuel Prices in India
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Crude Oil Prices: Global crude oil prices are a primary driver of fuel prices, as crude is the main input in petrol and diesel production.
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Exchange Rate: Since India relies heavily on crude oil imports, the value of the Indian rupee against the US dollar significantly affects fuel costs. A weaker rupee typically translates to higher prices.
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Taxes: Central and state-level taxes constitute a major portion of retail fuel prices. Tax rates vary across states, leading to regional price differences.
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Refining Costs: The cost of processing crude oil into usable fuel impacts retail prices. These costs can fluctuate depending on crude quality and refinery efficiency.
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Demand-Supply Dynamics: Market demand also influences fuel pricing. Higher demand can push prices up as supply adjusts to consumption trends.
How to Check Petrol and Diesel Prices via SMS
You can easily check the latest petrol and diesel prices in your city through SMS. For Indian Oil customers, text the city code followed by “RSP” to 9224992249. BPCL customers can send “RSP” to 9223112222, and HPCL customers can text “HP Price” to 9222201122 to receive the current fuel prices.
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March 04, 2026, 07:33 IST
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Business
Gold Prices: Gold retreats on strong dollar after four-day rally – The Times of India
Gold slumped more than 5%, ending a four-day rally on Tuesday. The metal was weighed down by a stronger dollar and fading prospects of an interest rate cut as inflation concerns intensified against the backdrop of a potentially prolonged conflict in West Asia. Spot gold was down 5.6% at $5,029.59 an ounce whereas prices had hit an over four-week high in the previous session. US gold futures lost 5.1% to $5,041.50.The US dollar, a competing safe-haven asset, rose to an over one-month peak, making dollar-priced bullion less affordable for holders of other currencies. US Treasury yields rose for a second consecutive session.Indian bullion traders and associations are speculating that gold could attain Rs 2 lakh per 10 gm and silver may well scale Rs 3.5 lakh per kg if the conflict does not abate swiftly.Spot silver fell 11.2% to $79.42 an ounce after climbing to a more than four-week high on Monday. As the Iran conflict entered its fourth day, crude oil benchmarks jumped over 8% in response.
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